Singapore Retail Briefing Q2 2021
The industry continues to be battered by the pandemic but healing and recovery will come
The industry continues to be battered by the pandemic but healing and recovery will come
Rental declines moderate
Resilience in the suburban market
A polarized market
Retail market reels as rents tumble
Survival is key in debilitating market conditions
"Protracted uncertainty expected to linger."
Although retailers are not faring well, there exist opportunities
Retail occupancy lifted by major new malls.
Retail vacancies climb to record high of 8.7%
Although the retail industry is not firing on all cylinders, it is still able to keep rents aloft.
Retail sales growth failed to translate into rising rents or falling vacancy rates.